Watanabe Hiroshi 4

What Happened
Hiroshi Watanabe, a director of ORIX Corporation (IX), was reported to have acquired 2,000 derivative securities on June 23, 2026. The filing records the transaction as an "Other acquisition or disposition (J)" at $0.00 per unit — these are rights (derivative awards), not an open-market stock purchase, and are part of ORIX's share-based compensation program.

Key Details

• Transaction date: 2026-06-23; Form 4 filed: 2026-06-25 (appears timely under the two-business-day rule).
• Transaction code: J (Other acquisition or disposition of a derivative security).
• Amount: 2,000 derivative securities; price reported: $0.00; total reported value: $0.
• Shares owned after transaction: Not stated in the filing.
• Footnotes: F1 — each "point" equals the right to receive one share of common stock. F2 — these derivative securities are share‑based compensation that entitle the reporting person to receive the stated number of common shares upon retirement.

Context
This transaction reflects a grant of share-based compensation (a derivative award) rather than an immediate purchase or sale of common stock. Such awards typically convert to actual shares only when vesting or other conditions (here, retirement) are met, so they do not necessarily indicate an immediate change in market exposure.